Bank of Canada seeing signs of cooling in hot housing market
OTTAWA, June 16 (Reuters) – The Bank of Canada is starting to see signs that the country’s red hot housing market is cooling down, although a return to a normality will take time, Governor Tiff Macklem said on Wednesday.
U.S. won’t back global tax plan with carve-outs for China -Yellen
WASHINGTON, June 16 (Reuters) – The United States will not agree to any type of special treatment for China or other countries that would weaken a global minimum tax regime, U.S. Treasury Secretary Janet Yellen said on Wednesday.
Higher prices boost Lennar profit in tight U.S. housing market
June 16 (Reuters) – Lennar Corp (LEN.N) beat quarterly profit on Wednesday, helped by higher prices due to a tight supply of homes in the United States.
Alphabet’s Waymo raises $2.5 bln in first fresh funding in a year
June 16 (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo said on Wednesday it raised $2.5 billion in its first fresh funding round in a year, after a string of defections of executives rekindled concerns about the technology struggling to scale up.
Fed gives money funds relief with short-term rate adjustments
June 16 (Reuters) – The Federal Reserve on Wednesday gave relief to money market investors that have been struggling to find high-quality short-term assets by raising two key short-term rates.
EXCLUSIVE Fusion SPAC aims to beat London rush with new blank-check firm -sources
LONDON, June 16 (Reuters) – Fusion Acquisition Chief Executive John James is in talks to launch a new blank-check company which could soon file for a London listing with the aim of becoming the first to take advantage of a new British SPAC regime, sources told Reuters.
Stocks slide, yields jump as Fed projects earlier rate hikes
LONDON, June 16 (Reuters) – Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
When we evaluate development projects, we must ask: What lessons have we learned?
As children, we all remember being told: “‘I hope you’ve learned your lesson”, which had a kind of negative connotation. In my line of work, however, which assesses development activities from the point of view of doing the right things in the right way with the right resources for lasting benefits for people – we learn lessons every day to make better decisions for improving quality of lives.
Analysis: Investors ask U.S. SEC for more ESG disclosures as companies resist
WASHINGTON, June 16 (Reuters) – Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator shows.
ECB will “see to it” that banks meet climate risk expectations: Elderson
FRANKFURT, June 16 (Reuters) – No major bank in the euro zone meets all of the European Central Bank’s expectations in assessing climate-related risk and they should expect increased pressure from their supervisor to adjust, ECB board member Frank Elderson said on Wednesday.
